Intel vs. Impinj: Tech Stock Showdown

What happened: Intel is expanding its foundry business and AI accelerator offerings, aiming to diversify beyond traditional PC and data center chips. Meanwhile, Impinj maintains a specialized lead in RAIN RFID technology but faces revenue concentration among a few partners. Intel is also exploring supplying processors for Apple and could benefit from the growing importance of CPUs in AI data centers. TSMC, Intel's competitor, remains profitable and well-positioned in processor manufacturing.

Market impact: The semiconductor sector is affected, with investors evaluating Intel's diversification efforts and Impinj's revenue concentration risk. Intel's potential supply deal with Apple and its focus on AI data centers could invigorate its chip business, while TSMC's dominance in processor manufacturing remains a key factor.

What to watch next: Intel's Q2 2023 earnings (July 28) will provide insights into its foundry business progress and AI accelerator sales. Additionally, Apple's iPhone 15 launch (expected in September 2023) could signal whether Intel has secured a supply deal for processors. Lastly, TSMC's Q2 2023 earnings (July 14) will offer updates on its profitability and market share.